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• Agreement Reinforces GE Role as a Key Supplier for Brazil’s FPSO Sector;
• LM2500+G4 Units a Good Technology Match for Offshore Installations;
• Deal Builds on Previous Successes with MODEC, a Leader in Floating Production Systems.

GE will supply the equipment to Mitsui Ocean Development & Engineering Co., Ltd., (MODEC), a general contractor specializing in engineering, procurement, construction and installation of floating production systems. The FPSO, owned and operated by MODEC, will be installed in 2,240 meters of water depth in the pre-salt fields offshore Brazil.

“GE previously sold 27 aeroderivative units to MODEC for installation offshore Brazil and West Africa, and we were able to leverage those successes to win this new award,” said Darryl Wilson, vice president and chief commercial officer distributed power for GE Power & Water. “Utilizing a well-established design, we were able to compress our execution schedule and provide the aggressive delivery needed for a successful project.”

GE’s LM2500+G4 offshore gas turbine-generator packages offer a reduced weight and compact solution for installation on floating facilities. These packages are specifically built for rugged offshore/near shore applications with all necessary oil and gas standards for safety, durability and reliability.

The units for the FPSO will provide electricity for the entire vessel, including critical processing operations. They will be shipped to the shipyard in the third quarter of 2013 and will operate on natural gas with liquid fuel as a backup.

About MODEC
MODEC is a general contractor specializing in engineering, procurement, construction and installation of floating production systems including Floating Production Storage and Offloading (FPSO) vessels, Floating Storage and Offloading (FSO) vessels, Tension Leg Platforms (TLPs), Production Semi-Submersibles, Floating LNGs (FLNGs), Mobile Offshore Production Units (MOPUs) and other new technologies which will meet the challenges of various types of gas production floaters.

MODEC provides Floating Production System operation and maintenance services around the world.

MODEC is headquartered in Tokyo, Japan, and three main offices are located in Tokyo, Houston and Singapore. MODEC has regional offices in Angola, Australia, Brazil, China, Cote d'Ivoire, Ghana, Mexico and Vietnam.

About GE
GE (ge.com) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works.

About GE Power & Water
GE Power & Water provides customers with a broad array of power generation, energy delivery and water process technologies to solve their challenges locally. Power & Water works in all areas of the energy industry including renewable resources such as wind and solar; biogas and alternative fuels; and coal, oil, natural gas and nuclear energy. The business also develops advanced technologies to help solve the world’s most complex challenges related to water availability and quality. Power & Water’s six business units include Distributed Power; Nuclear Energy; Power Generation Services; Renewable Energy; Thermal Products and Water & Process Technologies. Headquartered in Schenectady, N.Y., Power & Water is GE’s largest industrial business.

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